The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) is a huge mover today! About 16.12 million shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 157.54% since March 11, 2016 and is uptrending. It has outperformed by 152.08% the S&P500.
The move comes after 7 months positive chart setup for the $6.13B company. It was reported on Oct, 14 by Barchart.com. We have $10.76 PT which if reached, will make NASDAQ:AMD worth $3.31 billion more.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Out of 10 analysts covering Advanced Micro (NASDAQ:AMD), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. $8.50 is the highest target while $1.75 is the lowest. The $4.98 average target is -28.76% below today’s ($6.99) stock price. Advanced Micro has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. As per Friday, July 8, the company rating was downgraded by Bernstein. The rating was upgraded by Bernstein to “Market Perform” on Friday, September 11. The stock has “Sell” rating given by UBS on Monday, March 21. As per Thursday, September 1, the company rating was maintained by Mizuho. The firm has “Buy” rating given on Thursday, August 25 by Canaccord Genuity. The company was initiated on Thursday, August 13 by Topeka Capital Markets. The rating was maintained by Credit Suisse on Friday, July 22 with “Underperform”. Susquehanna initiated the shares of AMD in a report on Tuesday, September 20 with “Neutral” rating. The rating was upgraded by Bernstein to “Market Perform” on Tuesday, September 20. Vetr upgraded the stock to “Strong-Buy” rating in Tuesday, September 22 report.

According to Zacks Investment Research, “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD’s dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.”

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Profitconfidential.com which released: “Advanced Micro Devices, Inc.: A Must-See for AMD Stock Bulls & Bears” on October 04, 2016, also Profitconfidential.com with their article: “Advanced Micro Devices, Inc.: Is It Time to Dump AMD Stock?” published on September 24, 2016, Benzinga.com published: “Advanced Micro Devices Upgraded On Near-Term Momentum, Conservative Guidance” on October 12, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Profitconfidential.com and their article: “Advanced Micro Devices, Inc.: Will AMD Stock Pan Out for the Long Term?” published on September 16, 2016 as well as Seekingalpha.com‘s news article titled: “AMD collaborates with Alibaba Cloud, shares +4.5%” with publication date: October 14, 2016.

AMD Company Profile

Advanced Micro Devices, Inc., incorporated on May 1, 1969, is a global semiconductor company. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.